FIN 100 - WEEK 7 QUIZ - CHAPTERS 6, 7, 8, AND.All Questions 100% Answered.

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A draft requiring immediate payment is called a(n) Selected Answer: sight draft. Correct Answer: sight draft. Response Feedback: Good work  Question 2 2.5 out of 2.5 points An instrume... nt through which a bank retains title to goods until they are paid for is called a(n) Selected Answer: trust receipt. Correct Answer: trust receipt. Response Feedback: Good work  Question 3 2.5 out of 2.5 points A promise of future payment issued by a firm guaranteed by a bank is called a(n) Selected Answer: banker's acceptance. Correct Answer: banker's acceptance. Response Feedback: Good work  Question 4 This study source was downloaded by 100000823250788 from CourseHero.com on 05-07-2021 15:43:08 GMT -05:00 https://www.coursehero.com/file/55590373/FIN-100-WEEK-7-QUIZ-CHAPTERS-6-7-8-AND-10docx/ This study resource was shared via CourseHero.com 2.5 out of 2.5 points An importer will generally try to avoid making payment for a purchase before the goods are actually shipped by Selected Answer: having payment sent to a bank in the exporter's country to be held until proper shipment is made. Correct Answer: having payment sent to a bank in the exporter's country to be held until proper shipment is made. Response Feedback: Good work  Question 5 2.5 out of 2.5 points A stronger U.S. dollar generally Selected Answer: results in more imports of foreign merchandise Correct Answer: results in more imports of foreign merchandise Response Feedback: Good work [Show More]

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